RIETI Policy Symposium

Resolving New Global and Regional Imbalances in an Era of Asian Integration (Handouts)

  • Date: 17 - 18 June, 2004.
  • Venue: Keidanren Kaikan (Keidanren Hall)
  • Language: Japanese / English (with simultaneous interpretation)
  • Day 1: 17 June / Handouts

    Session 1: Determinants of the sustainability of the U.S. external deficit and the right policy mixes for adjustments
    Paper Presentation
    "How much depreciation of the US dollar for sustainability of the current accounts?"
    OGAWA Eiji (Professor, Graduate School of Commerce and Management, Hitotsubashi University)
    Presentation [PDF:296KB] / Paper [PDF:520KB]
    "Channels for Narrowing the US Current Account Deficit and Implications for Other Economies"
    Anne-Marie L. BROOK (Economist, Money and Finance Division, Economics Department, Organisation for Economic Co-operation and Development)
    Presentation [PDF:208KB] / Paper [PDF:168KB]
    Discussant
    TOJO Yoshiaki (Special Assistant to the Vice Minister for International Affairs and Director, International Economic Affairs Division, Trade Policy Bureau, Ministry of Economy, Trade and Industry)
    Session 2: The triangular trade pattern and its implications for global and regional imbalances
    Paper Presentation
    Françoise LEMOINE (Senior Economist, Centre d'etudes prospectives et d'information internationales)
    Presentation [PDF:192KB] / Paper [PDF:396KB]
    Discussants
    FUKAO Kyoji (RIETI Faculty Fellow / Professor, Institute of Economic Research, Hitotsubashi University)
    Presentation [PDF:208KB]
    Peter GARBER (Global Risk Strategist, Global Market Research, Deutsche Bank Securities)

    Day 2: 18 June / Handouts

    Session 3: Competition and collaboration among economic agglomerations and fragmentation of corporate functions - What lies beneath the increasing economic integration in Asia
    Paper Presentation
    "The Economic Analysis of International Production/Distribution Networks in East Asia and Latin America: The Implication of Regional Trade Arrangements"
    KIMURA Fukunari (Professor, Faculty of Economics, Keio University)
    Presentation [PDF:488KB] / Paper [PDF:484KB]
    "Changes in East Asian Regional Economic Structure during the Dynamic Process of Economic Integration - from the point of view of New Geographical Economics"
    HISATAKE Masato (RIETI Senior Fellow)
    Presentation [PDF:1.0MB] / Paper [PDF:688KB]
    Discussants
    HATTA Tatsuo (RIETI Faculty Fellow and Research Counselor / Professor, Division of International Studies, International Christian University)
    FUJITA Masahisa (Professor, Institute of Economic Research, Kyoto University / President, Institute of Developing Economies, JETRO)
    Session 4: Designing appropriate adjustment policies in Asia - Searching for the right policy mix of currency adjustments, monetary and fiscal policies, and structural reforms
    Paper Presentation
    -Global and Regional Issues
    "A Map to the Revived Bretton Woods End Game"
    Peter GARBER (Global Risk Strategist, Global Market Research, Deutsche Bank Securities)
    Presentation [PDF:272KB] / Paper [PDF:104KB]
    "Adjusting Global Imbalances"
    OTANI Ichiro (Economic Policy Consultant / former Head, IMF Resident Representative Office in China)
    Presentation [PDF:196KB] / Paper [PDF:224KB]
    -Country Issues
    "China's Role in the Current Global Economic Adjustment Process"
    Li-Gang LIU (Assistant Professor of Public Policy and Finance, School of Public Policy, George Mason University)
    Presentation [PDF:304KB] / Paper [PDF:200KB]
    "Rationalizing Emerging Asia's Foreign Reserves Build-up"
    Piti DISYATAT (Senior Economist, Monetary Policy Group, Bank of Thailand)
    Presentation [PDF:188KB] / Paper [PDF:200KB]
    Discussants
    YU Yongda (Professor, School of Public Policy and Management and Development Research Center for 21st Century, Director of Institute of Economic Cooperation, Tsinghua University)
    KURODA Haruhiko (Professor, Hitotsubashi University / ex-Vice Minister of MOF of Japan)
    Session 5: Optimal exchange rate regime for Asia
    Session Chair
    OTANI Ichiro (Economic Policy Consultant / former Head, IMF Resident Representative Office in China)
    Paper Presentation
    "On Monetary Cooperation in East Asia"
    TANAKA Soko (Professor of International Finance, Faculty of Economics, Chuo University)
    Presentation [PDF:776KB] / Paper [PDF:316KB]
    "Exchange-Rate Regimes and Capital Flows in East Asia"
    Albert KEIDEL, III (Deputy Director, Office of East Asian Nations, U.S. Department of the Treasury)
    Presentation [PDF:76KB] / Paper [PDF:148KB]
    Discussants
    Yunjong WANG (Vice President, SK Research Institute for SUPEX Management)
    YU Yongda (Professor, School of Public Policy and Management and Development Research Center for 21st Century, Director of Institute of Economic Cooperation, Tsinghua University)
    Session 6: Panel discussion - Searching for optimal adjustment policies in both the U.S. and Asia
    Panelists
    ITO Takatoshi (Professor, The Graduate School of Economics and Research Center for Advanced Science and Technology, The University of Tokyo)
    Li-Gang LIU (Assistant Professor of Public Policy and Finance, School of Public Policy, George Mason University)
    Peter GARBER (Global Risk Strategist, Global Market Research, Deutsche Bank Securities)
    SANO Tadakatsu (Vice-Minister for International Affair, Ministry of Economy, Trade and Industry)